I have been enjoying your posts, it gives me another perspective on the markets. i have been looking at the EUR/USD as well tonight so i thought i would post my analysis.
In my opinion we are retracing the previous trend and have been in a period of accumulation. There was very little profit taking off the high of the previous trend and strength throughout the last couple days down moves. this way continue but we have retraced over 50%now. More strength and correct entry i would put a long position on tonight.
1. large buying
2. resistance
3. 50-61 fib
Price at posting:
0.9237 Sentiment: None Disclosure: Not Held
